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Opportunities For Outsourcing In The Philippines
Jerry Rapes, the CEO of Exist and PSIA marketing chair said It is estimated that
the total outsourcing market globally will grow to about $250 billion in 2016 from about $125 billion in 2011. IT Outsourcing (ITO) sector is projected to grow from about $80 billion today to about $140 billion in 2016." This means that the outsourcing industry in the Philippines is flourishing and expanding rapidly. The opportunities of business process outsourcing in the Philippines are surely promising.Filipinos are known for their proficiency in the English language and have hardworking attitudes. That is why companies are choosing Philippines as an outsourcing location. Outsourcing services within the country offers less expensive operational costs, less hiring and training costs, and experienced employees who are knowledgeable. The working manners of the Filipinos guarantee a strong performance and productivity. Their dedication and loyalty can result to a better working relationship and talent retention.
Since the business process outsourcing or the BPO industry is one of the greatest revenue generators of the nation, the Philippine government is very supportive of it. It has lessened the unemployment rate by providing a lot of jobs especially to the newly graduates. The country, along with the assistance of the government and private sectors, keeps on developing competitive infrastructures in terms of telecommunications and information technology to further encourage investors to outsource their business services in the country.
Entrusting your company services to the Philippines can help your business not only in realizing your goals and saving precious time, but also in achieving broader limits. Outsourcing companies within the country can serve as your assistance in facilitating the maximization of your market by means of providing unique strategies. You also have an aid in effective advertising and promoting the products as well as the services of your company. Outsourcing in the Philippines ensures your company that you will get the outstanding support services that is worth your investment.
What are the benefits of outsourcing services in the Philippines business?
1.Philippine outsourcing boosts efficiency in business by allowing you to accomplish more things with lower expenses. Subcontracting your company business to third party providers in the country can make your business more productive and you will be able to enjoy greater opportunities in the workplace. You do not have to worry if you have minimal in house staff because you can still run the exact same business by employing offshore staff in the Philippines for the same budget.
2.By having a third party partner in the country that will carry out your companys non-core services, you will be having more time to focus on your businesss central goals. With this, you can further explore better strategies that will help in improving your company.
3.Having Filipino employees who are adept in different outsourcing services will help your business to operate with efficiency. Filipino staffs will function with a high degree of competence and reliability.
4.By having your own team in the Philippines, you do not have to worry about expanding your office or investing in new equipments. This spares you the operational costs.
5.Outsourcing in the Philippines saves you from the hassle of recruitment and hiring staff to do your companys business services.
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